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The Latest Breaking News from Gotabaya Rajapaksa

Sri Lanka leaders defiant at home while scrambling for funds

COLOMBO: Sri Lanka's leaders are showing no signs of stepping down in the face of mounting protests as the government ramps up efforts to find emergency funds to import essential goods and avoid an international default.

The Times of India

Inside Sri Lanka's worst economic crisis, people are dying in line for fuel

Sri Lanka is facing a worsening economic crisis that has left its citizens struggling to get through everyday tasks such as driving to work or cooking their family meals. With the parliament in disarray, people are taking to the streets.

ABC News

Sri Lanka doctors warn of ‘catastrophe’ as medicines run low

Drugs to treat heart attacks and tubes to help babies breathe in short supply as doctors forced to treat in the dark.

Al Jazeera

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Sri Lanka's ruling coalition members propose interim govt, new prime minister

A leader from Sri Lanka's ruling coalition said on Monday that three members of the alliance had proposed forming an interim government, a week after President Gotabaya Rajapaksa called for a unity administration amid unrest and a severe economic crisis.

Reuters

Where Sri Lanka’s inflation-driven crisis could head next

COLOMBO: Sri Lankan President Gotabaya Rajapaksa is under pressure to step down as citizens hit the streets daily to demand accountability for decisions that have led to Asia’s fastest inflation, widespread power outages and shortages of food and fuel.

The Times of India

Sri Lanka's surprise finance minister has a mountain to climb

When former justice minister Ali Sabry visited Sri Lanka's president last Monday, it was for talks amid an economic crisis that has brought thousands of protesters on to the street and left the island nation short of fuel, medicine and power.

Reuters

Sri Lankans occupy president's office entrance for 2nd day

Sri Lankan protesters have occupied the entrance to the president’s office for a second day, demanding Gotabaya Rajapaksa resign over the debt-ridden country’s worst economic crisis in memory

The Independent UK

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Sri Lanka can overcome economic crisis provided Central Bank is allowed to run independently: Governor

COLOMBO: Exuding confidence in overcoming the unprecedented economic crisis, the newly appointed Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said that one of the ways to overcome the current crisis situation is to allow the Central Bank to function independently.

The Times of India

Thousands in Sri Lanka insist Rajapaksa family quit politics

Protesters angry over a worsening economic crisis take aim at Sri Lanka’s all-powerful Rajapaksa family.

Al Jazeera

Pressure mounts on Sri Lanka leader to quit as crisis grows

Thousands of Sri Lankans have rallied in the country’s main business district and Christian clergy marched in the capital to observe a day of protest calling on the debt-ridden country’s president to resign

The Independent UK

‘We’re finished’: Sri Lankans pushed to the brink by financial crisis

Thousands take to the streets to call for the resignation of president Gotabaya Rajapaksa

The Guardian - UK

Sri Lanka to seek $3 billion to stave off crisis

Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, Finance Minister Ali Sabry told Reuters on Saturday.

Reuters

The Weekly Wrap for Saturday, 9 April 2022

Sri Lanka is facing its worst economic and political crisis since the civil war. In previous weeks we've covered the recent downturn. But at the centre of it all is one family. Their history is the key to understanding the present crisis.

inkl Originals

No Sri Lankan, rich or poor, spared as economic crisis worsens

Savings evaporate, businesses face closure and the Sri Lankan poor struggle to eat as value of the rupee plummets.

Al Jazeera

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The Independent UK

Sri Lanka business leaders demand end to political impasse

Sri Lankan business leaders are calling for an end to the country’s political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe

Reuters

Sri Lanka president yet to accept resignation of finance minister Sabry - lawmaker

Sri Lanka's President Gotabaya Rajapaksa has yet to accept the resignation of Ali Sabry as finance minister, ruling party lawmaker Kanchana Wijesekera told parliament on Friday.

Reuters

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

Bangkok Post

Is struggling Sri Lanka salvageable?

Last Sunday -- with two notable exceptions -- Sri Lanka's cabinet resigned en masse in protest against the government's handling of the worst economic crisis to hit the island in decades, which has sparked widespread rioting, unrest, and arson attacks on police property.

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Al Jazeera

Infographic: Sri Lanka’s economic crisis and political turmoil

The tourism-reliant island nation faces one of its worst financial and political crises.

The Independent UK

Sri Lanka medical group warns of catastrophic shortages

Sri Lanka’s national medical association is warning that hospitals will be unable to provide emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished

Reuters

Sri Lanka calls for $1 billion debt restructure as crisis rages

Sri Lanka must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July, its outgoing finance minister said on Thursday, pleading for political stability amid the country's worst economic crisis in decades.

The Hindu

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The Guardian - UK

Sri Lanka facing imminent threat of starvation, senior politician warns

Speaker tells parliament ‘there will be very acute food shortages’ and economic crisis is ‘just the beginning’

Reuters

In stunning reversal, protests leave Sri Lanka's ruling dynasty teetering

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister, tightening the family's hold on power.

Reuters

Sri Lanka's president will not resign despite protests, says minister

Sri Lanka's President Gotabaya Rajapaksa will not resign despite widespread protests against his handling of the country's economic crisis, a minister told parliament on Wednesday.

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